Friday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session
Stocks posted modest gains on Thursday as October's trading kicked off. Treasury yields popped to multiyear highs before retreating later in the day.
TL;DR
- September nonfarm payrolls report is due at 8:30 a.m. ET.
- The 10-year Treasury yield hit its highest level since April 2002 at 5.243%.
- West Texas Intermediate crude futures are trading around $93 a barrel.
- Mizuho's call on Revolution Medicines is up nearly 160% year-to-date.
- Jefferies was bullish on Okta (up 146%) and CrowdStrike (up 127%) earlier this year.
- Jim Cramer is a buyer of McDonald's, which is down 24% year-to-date.
- Tesla's third-quarter production and delivery numbers could be released Friday.
- Meta Platforms faces a potential $200 billion penalty in a New Mexico jury decision.